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LENDING & CREDIT | Cesar Tordesillas, India

Zarai Taraqiati pegs credit plan at $968M

Zarai Taraqiati Bank Limited's new credit plan for fiscal year 2009-10 will amount to US$968 million for different development schemes.According to ZTBL president Zaka Ashraf, the schemes include revival of Micro Credit Scheme & Credit to Women Program to assist government's efforts for poverty alleviation, Nestle & PDDC and Dairy Milk Processing Units for the development of dairy sector, provision of loans to implement the federal as well as Punjab province's schemes such as Benazir Tractor Scheme & Green Tractor Scheme, and acquiring necessary IT infrastructure and software for the implementation of Benazir Zarai Card Scheme.It also includes encouraging solar energy & wind mills to facilitate the rural poor for availability of electricity, encourage lending for water conservation projects to provide support for cultivation of flowers in potential areas, encouraging plantation of crops (Jatropha, Sukhchien, etc.) for production of Bio-diesel, collaboration with foreign lending agencies/banks to secure more resources for agri-lending, development of model villages by providing credit & technology support and lending.

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